Magic Bidco
ActiveSummary
Magic Bidco has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116.7m and a net result of €318,997. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 74% of 3243 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+1
Solvency100=
Growth56▼-17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.76 in 2024; short-term debt: 2.9% and cash: 0.1% of total assets), and 20.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.2%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
29 d early
2024
31 d early
2023
5 d early
2022
4 d late
2021
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average on the deadline day; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€2.9m▼ 40.9%
2024 · €5.0m
EBIT margin
20.3%▲ 11.2pp
2024 · 9.1%
Net result
€318,997
2024 · -€123,231
Working capital
€1.1m▼ 85.6%
2024 · €7.8m
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€3.8m-€1.3m▼ 64.7%€5.4m▲ 303%€5.0m▼ 7.4%€2.9m▼ 40.9%
Operating result-€3.0m-€1.9m€725,079▼ 61.6%€452,982▼ 37.5%€598,351▲ 32.1%
Net result-€5.6mbelow the sector's middle half--€441,567below the sector's middle half▲ 92.2%€320,897above the sector's middle half-€123,231below the sector's middle half€318,997within the sector's middle half
EBIT margin-80.4%-141.1%▲ 221.4pp13.5%▼ 127.6pp9.1%▼ 4.4pp20.3%▲ 11.2pp
Equity€96.3mabove the sector's middle half-€151.2mabove the sector's middle half▲ 57.0%€145.6mabove the sector's middle half▼ 3.7%€145.5mabove the sector's middle half▼ 0.1%€116.7mabove the sector's middle half▼ 19.8%
Total assets€119.7mabove the sector's middle half-€168.6mabove the sector's middle half▲ 40.8%€165.0mabove the sector's middle half▼ 2.1%€173.6mabove the sector's middle half▲ 5.2%€147.3mabove the sector's middle half▼ 15.2%
Debt€23.4m-€17.3m▼ 25.9%€19.4m▲ 12.0%€28.2m▲ 45.2%€30.6m▲ 8.6%
Working capital€2.0mabove the sector's middle half-€10.8mabove the sector's middle half▲ 449%€4.8mabove the sector's middle half▼ 55.9%€7.8mabove the sector's middle half▲ 63.4%€1.1mabove the sector's middle half▼ 85.6%
Solvency80.5%above the sector's middle half-89.7%above the sector's middle half▲ 9.3pp88.2%above the sector's middle half▼ 1.5pp83.8%above the sector's middle half▼ 4.5pp79.2%within the sector's middle half▼ 4.5pp
Current ratio3.91above the sector's middle half-5.67above the sector's middle half▲ 1.772.69within the sector's middle half▼ 2.991.76within the sector's middle half▼ 0.931.26within the sector's middle half▼ 0.49
Return on assets (ROA)-4.7%below the sector's middle half--0.3%below the sector's middle half▲ 4.4pp0.2%within the sector's middle half▲ 0.5pp-0.1%below the sector's middle half▼ 0.3pp0.2%within the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 32% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147.3m
Fixed assets
€141.9m ▼ 8.8%
Current assets
€5.4m ▼ 70.3%
Equity and liabilities €147.3m
Equity
€116.7m ▼ 19.8%
Debt
€30.6m ▲ 8.6%
Debt's share of the balance-sheet total rises from 16.2% to 20.8%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.26▲
2024 · 0.19
ROE
0.3%▲
2024 · -0.1%
Debt ≤ 1 year
€4.2m▼
2024 · €10.3m
Debt > 1 year
€25.4m▲
2024 · €14.3m
Income taxes
-€0▲
2024 · -€25,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €4.1m | €13.0m | €5.5m | €5.6m | €3.7m | ▼ 34.5% |
| Turnover70 | €3.8m | €1.3m | €5.4m | €5.0m | €2.9m | ▼ 40.9% |
| Other operating income74 | €354,087 | €11.6m | €88,271 | €637,024 | €697,524 | ▲ 9.5% |
| Non-recurring operating income76A | - | - | - | - | €38,530 | - |
| Operating charges60/66A | €7.2m | €11.1m | €4.7m | €5.2m | €3.1m | ▼ 40.4% |
| Services and other goods61 | €7.2m | €10.6m | €4.7m | €5.2m | €3.1m | ▼ 40.8% |
| Other operating charges640/8 | €371 | €532,804 | €92,864 | €1,018 | €22,775 | ▲ 2,138% |
| Operating profit (loss)9901 | -€3.0m | €1.9m | €725,079 | €452,982 | €598,351 | ▲ 32.1% |
| Financial income75/76B | €824,229 | €175,794 | €1.1m | €1.1m | €1.2m | ▲ 3.3% |
| Recurring financial income75 | €824,229 | €175,794 | €1.1m | €1.1m | €1.2m | ▲ 3.3% |
| Income from financial fixed assets750 | - | - | - | €1.0m | €986,003 | ▼ 1.4% |
| Income from current assets751 | - | €2,968 | €5,300 | €3,991 | €0 | ▼ 100% |
| Other financial income752/9 | €824,229 | €172,826 | €1.1m | €134,030 | €189,545 | ▲ 41.4% |
| Financial charges65/66B | €3.4m | €2.5m | €1.5m | €1.7m | €1.5m | ▼ 16.4% |
| Recurring financial charges65 | €3.4m | €2.5m | €1.5m | €1.7m | €1.5m | ▼ 16.4% |
| Debt charges650 | €2.0m | €2.4m | €1.5m | €1.5m | €1.3m | ▼ 12.1% |
| Other financial charges652/9 | €1.4m | €61,870 | €88,646 | €206,272 | €106,719 | ▼ 48.3% |
| Profit (loss) for the period before taxes9903 | -€5.6m | -€440,677 | €322,486 | -€149,121 | €318,997 | ▲ 314% |
| Income taxes67/77 | - | €890 | €1,589 | -€25,890 | -€0 | ▲ 100.0% |
| Taxes670/3 | - | €891 | €1,590 | €0 | - | - |
| Tax adjustments and reversals of tax provisions77 | - | €0 | €1 | €25,890 | €0 | ▼ 100.0% |
| Profit (loss) for the period9904 | -€5.6m | -€441,567 | €320,897 | -€123,231 | €318,997 | ▲ 359% |
| Profit (loss) for the period to be appropriated9905 | -€5.6m | -€441,567 | €320,897 | -€123,231 | €318,997 | ▲ 359% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €119.7m | €168.6m | €165.0m | €173.6m | €147.3m | ▼ 15.2% |
| Fixed assets21/28 | €117.1m | €155.5m | €157.4m | €155.6m | €141.9m | ▼ 8.8% |
| Financial fixed assets28 | €117.1m | €155.5m | €157.4m | €155.6m | €141.9m | ▼ 8.8% |
| Affiliated companies280/1 | €117.1m | €155.5m | €157.3m | €155.6m | €141.9m | ▼ 8.8% |
| Participating interests280 | €117.1m | €146.8m | €146.8m | €146.8m | €137.3m | ▼ 6.5% |
| Amounts receivable281 | - | €8.7m | €10.5m | €8.8m | €4.6m | ▼ 47.5% |
| Other financial fixed assets284/8 | - | - | €61,843 | €0 | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | €61,843 | €0 | - | - |
| Current assets29/58 | €2.6m | €13.1m | €7.6m | €18.1m | €5.4m | ▼ 70.3% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €2.3m | €9.9m | €6.2m | €16.9m | €4.2m | ▼ 75.3% |
| Trade receivables40 | €1.2m | €469,810 | €5.2m | €12.9m | €3.2m | ▼ 75.0% |
| Other amounts receivable41 | €1.2m | €9.4m | €1.1m | €4.1m | €974,542 | ▼ 76.0% |
| Cash at bank and in hand54/58 | €66,106 | €3.0m | €25,863 | €37,488 | €87,122 | ▲ 132% |
| Deferred charges and accrued income490/1 | €235,698 | €198,091 | €1.3m | €1.1m | €1.1m | ▼ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €119.7m | €168.6m | €165.0m | €173.6m | €147.3m | ▼ 15.2% |
| Equity10/15 | €96.3m | €151.2m | €145.6m | €145.5m | €116.7m | ▼ 19.8% |
| Contributions10/11 | €102.0m | €157.3m | €151.3m | €151.3m | €122.2m | ▼ 19.2% |
| Profit (loss) carried forward14 | -€5.6m | -€6.1m | -€5.8m | -€5.9m | -€5.6m | ▲ 5.4% |
| Amounts payable17/49 | €23.4m | €17.3m | €19.4m | €28.2m | €30.6m | ▲ 8.6% |
| Amounts payable after more than one year17 | €20.7m | €14.3m | €14.3m | €14.3m | €25.4m | ▲ 78.2% |
| Financial debts170/4 | €20.7m | €14.3m | €14.3m | €14.3m | €25.4m | ▲ 78.2% |
| Other loans174 | €20.7m | €14.3m | €14.3m | €14.3m | €25.4m | ▲ 78.2% |
| Amounts payable within one year42/48 | €676,126 | €2.3m | €2.8m | €10.3m | €4.2m | ▼ 58.7% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | €0 | - | - |
| Trade debts44 | €676,126 | €965,084 | €332,643 | €2.3m | €669,101 | ▼ 71.0% |
| Suppliers440/4 | €676,126 | €965,084 | €332,643 | €2.3m | €669,101 | ▼ 71.0% |
| Taxes, remuneration and social security45 | - | €1.3m | €624,351 | €624,351 | €214,805 | ▼ 65.6% |
| Taxes450/3 | - | €1.3m | €624,351 | €624,351 | €214,805 | ▼ 65.6% |
| Other amounts payable47/48 | - | - | €1.9m | €7.4m | €3.4m | ▼ 54.3% |
| Accrued charges and deferred income492/3 | €2.0m | €757,179 | €2.3m | €3.6m | €933,831 | ▼ 74.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5.6m | -€441,567 | €320,897 | -€123,231 | €318,997 | ▲ 359% |
| Operating cash flow (approximation) | -€5.6m | -€441,567 | €320,897 | -€123,231 | €318,997 | ▲ 359% |
| Investment in fixed assets (approximation) | - | -€38.4m | -€1.9m | €1.8m | €13.7m | ▲ 647% |
| Change in cash | - | €2.9m | -€3.0m | €11,625 | €49,635 | ▲ 327% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
05-06
State Gazette act
Appointment: Filip Simpelaere (vertegenwoordiger van de commissaris)1 fact ▸
State Gazette act
Appointment: Filip Simpelaere (vertegenwoordiger van de commissaris)
1 fact ▸
- Auditor appointment, Filip Simpelaere (vertegenwoordiger van de commissaris)
2025
31-12
Financial
Back to profitnet €318,997
Net result €318,997 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €320,897
Net result €320,897 after 2 loss-making years.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
31-12
Financial
Equity above €100mEq €151.2m ▲57%
Equity rises from €96.3m to €151.2m.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 60 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Permanent representatives 1
Filip Simpelaere
CurrentVertegenwoordiger van de commissaris · since 01-06-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2020
Ground area
3,384 m²
Building footprint
2,779 m²
Volume, LiDAR
47,299 m³
Parcel 21807G0172/00G000, Brussels · tallest building 31.7 m, ±8 floors. Linked by address, not a title deed.
74
companies at this address
See who is registered here
1 establishment unit
Magic Bidco
since 20202.314.273.807
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2025, 1 in office
- Permanent representative
| Name | Functions and periods |
|---|---|
| Filip Simpelaere |
|
Structure & network
Owners and holdings
1 owner · 2 holdings · 7 subsidiaries in the treeChain of control
- Magic Midco
- Magic Parentco
- Magic Bidco
Highest known parent: Magic Midco. The sources do not say who stands above it.
Owners 1
- Magic Parentcoparent100%
Holdings 2
-
100%
-
100%
All subsidiaries, including indirect ones 7
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
ENHESA GROUP 100%5 subsidiaries
ENHESA 100%4 subsidiaries
- C W Research LimitedGB 100%
- ENHESA (Shanghai) Co. Ltd.CN 100%
- ENHESA INCUS 100%
- ENHESA KABUSHIKI KAISHAJP 100%
- Magic Finco 100%
According to the 2025 annual accounts of Magic Bidco and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPrivate limited company
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0750527996
Also
9925:BE0750527996
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.